Trump's New 10% Tariff Takes Effect; Dimon Warns on Credit Risks | Bloomberg Brief 2/24/2026

US equity futures rebounded after a Citrini Research report sparked AI-driven market volatility, raising concerns about technological disruption’s economic impact. Investors reacted to warnings of accelerated industry shifts. A 10% global tariff imposed by the Trump administration took effect, replacing earlier duties struck down by the Supreme Court. The move aims to revive trade protections amid legal challenges. JPMorgan CEO Jamie Dimon warned of credit market risks resembling pre-2008 conditions, citing excessive leverage. Arini Capital’s Hamza Lemssouguer predicted widespread defaults and financial instability. Goldman Sachs’ Sharon Bell noted a market rotation away from US stocks, reflecting investor caution amid trade tensions and credit warnings. Sector shifts signal broader economic uncertainty. The convergence of AI disruption, tariff policies, and credit risks underscores growing market fragility, with analysts divided on whether the downturn will deepen or stabilize.